Crowdfunding a business opportunity -- that is, raising funds from a large number of investors in small increments -- is not legal under state and federal securities laws. A number of proposals aimed at fixing this gap are currently circulating in Congress and various regulatory bodies. Continue Reading

NASAA proposes a model crowdfunding exemption that will retain limited state authority but allow issuers to raise up to $500,000 annually through individual investments not exceeding $1000 each.Continue Reading